Payment systems

payment card issued to users as a system of payment

thumb|upright|eBay, PayPal, [[Kijiji and StubHub, 500 King Street West, Toronto, April 2014]]

thumb|An old Nixdorf Computer|Nixdorf ATM in Germany () thumb|right|Smaller indoor ATMs dispense money inside convenience stores and other busy areas, such as this off-premises [[Wincor Nixdorf mono-function ICA ATM in Sweden.]] An automated teller machine (ATM) is an electronic telecommunications device that enables customers of financial institutions to perform financial transactions, such as cash withdrawals, deposits, funds transfers, balance or account information inquiries, at any time and without the need for direct interaction with bank staff.

The Society for Worldwide Interbank Financial Telecommunication (SWIFT), legally S.W.I.F.T. SC, is a cooperative established in 1973 in Belgium () and owned by the banks and other member firms that use its service. SWIFT provides the main messaging network through which international payments are initiated. It also sells software and services to financial institutions, mostly for use on its proprietary "SWIFTNet", and assigns ISO 9362 Business Identifier Codes (BICs), popularly known as "SWIFT codes".

Crowdfunding is the practice of funding a project or venture by raising money from a large number of people, typically via the internet. Crowdfunding is a form of crowdsourcing and alternative finance, to fund projects "without standard financial intermediaries". In 2015, over was raised worldwide by crowdfunding.

document issued by a financial institution

American multinational financial services corporation

Mobile payments platform developed by Google

card that can be used to make a payment

electronic wallet

thumb|right|350 px|This British Army Forces Voucher, issued to soldiers in Germany following World War II, may be used only in canteens or other specified transactions. A voucher is a bond which is worth a certain monetary value and which may be redeemed only for specific reasons or on specific goods. Examples include housing, travel, and meal vouchers. Vouchers are a form of scrip. The term voucher is also a synonym for receipt and is often used to refer to receipts used as evidence of, for example, the declaration that a service has been performed or that an expenditure has been made.

event where retail transaction is completed

agreement, or communication, carried out between a buyer and a seller to exchange an asset for payment

device which interfaces with payment cards to make electronic funds transfers

system used to transfer monetary value, including institutions, instruments, people, rules, procedures, standards, and technologies

French company in electronic payment service

the Single European Payments Area (SEPA) initiative

prepaid-stored-value money card

Hawala or hewala ( , meaning transfer or sometimes trust), originating in India as havala (), also known as ' in Persian, and or ' in Somali, is a popular and informal value transfer system based on the performance and honour of a huge network of money brokers (known as hawaladars).

technology enabling payment without physical contact

document guaranteeing the payment of a specific amount of money, either on demand, or at a set time

MoneyGram International, Inc. is an American interstate and international peer-to-peer payments and money transfer company headquartered in Dallas, Texas. It has an operations center in St. Louis Park, Minnesota, and regional and local offices around the world.

financial product; payment transfer from one current bank account to another bank account and initiated by the payer (not the payee)

method of package delivery where payment is made upon receipt

mobile payment system developed by Google

financial transaction in which one person withdraws funds from another person's bank account

thumb|NCR Corporation model of self-service checkouts and fast-lane at a [[Sainsbury's store]] thumb|NCR Corporation model of self-service checkout at an IKEA store

2006–2013 online payment processing service by Google

N26 Bank SE, doing business as N26, and formerly named Papayer GmbH, and Number26 GmbH, is a multinational German fintech and neobank company based in Berlin that offers a variety of financial services to individuals and businesses. N26 was founded in 2013 by Rocket Internet, an incubator, and operates in various European Union member states that are members of the Single Euro Payments Area (SEPA). Their services include transaction accounts and debit cards, as well as overdraft and investment products under a subscription business model.

electronic presenting and payment of bills

thumb|Alaskan parchment scrip of the [[Russian-American Company (1 ruble), from between 1826 and 1858]]

M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. It has since expanded to Tanzania, Mozambique, Democratic Republic of the Congo (DRC), Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia. The rollouts in India, Romania, and Albania were terminated amid low market uptake. M-PESA allows users to deposit, withdraw, transfer money, pay for goods and services (Lipa na M-PESA, Swahili for "Pay with M-PESA"), access

type of organization

kind of commitment fee

type of money order issued by a Post office

WebMoney is an online payment settlement system established in Russia in 1998. It is one of the largest electronic payments processors in Russia by number of users, with the company reporting 45 million registered accounts and 300,000 active weekly users in early 2020, and 100,000 stores accepting payments via the system. WebMoney is owned and operated by WM Transfer Ltd.

electronic payment system from Brazil

EU Directive

card that enables the cardholder to make purchases

promissory note used for a system of deferred payment to finance the German 1930s rearmament

thumbnail|right|A hundi for Rs 2500 of 1951, stamped in the Bombay Province with a pre-printed revenue stamp. A hundi or hundee is a financial instrument that was developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions. The Reserve Bank of India describes the hundi as "an unconditional order in writing made by a person directing another to pay a certain sum of money to a person named in the

bank wire transfer in ten seconds

PaysafeCard (until 2024 stylized paysafecard) is a prepaid e-commerce payment solution powered by vouchers. It is part of Paysafe, a global payments platform. PaysafeCard allows customers to pay online without providing personal financial information.

form of payment for food

Double-spending is the unauthorized spending of the same money (either digital or conventional) more than once. As with counterfeit money, double-spending leads to supply inflation by creating a new amount of copied currency that did not previously exist. It can also devalue the currency and diminish user trust in the currency.

digital currency and money transfer service

payment order for a pre-specified amount of money

consumer lending approach

bank that offers card association branded payment cards directly to consumers

Clearstream or the Clearstream Group is the central securities depository arm of the Deutsche Börse Group. It provides settlement and custody as well as other related services for securities across all asset classes. Its subsidiary in Luxembourg, Clearstream Banking SA, is one of two world-leading International central securities depositories (ICSDs), the other one being Euroclear Bank. Both the main German national CSD, Clearstream Banking AG, and the national CSD of Luxembourg, LuxCSD, are also part of Clearstream. Clearstream Banking AG and Clearstream Banking SA are held via intermediate h

electronic payment system

distributed payment messaging mechanism system

contactless payment system

Business model term

Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian company that offers digital payment services and infrastructure for banks, companies, institutions, and public administrations.

PhonePe is an Indian digital payments and financial services company, headquartered in Bengaluru. It was founded in December 2015, by Sameer Nigam, Rahul Chari and Burzin Engineer. The PhonePe app, based on the Unified Payments Interface, went live in August 2016.

method of privatization using vouchers to sell state-owned enterprises

right|125x125px Mondex was a smart card electronic cash system, implemented as a stored-value card and owned by Mastercard.

type of wallet

financial services company based in Atlanta